Recently Enacted Legislation Contains Important Charitable Giving Incentives
Author: Katherine E. David.
Source: Volume 15, Number 02, January/February 2016 , pp.1-4(4)
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Abstract:
On December 18, 2015, President Obama signed the Protecting Americans From Tax Hikes Act of 2015 (“PATH Act”). The PATH Act contains over 100 separate provisions, including several that incentivize charitable giving. This article summarizes several of the most significant and beneficial incentives in the law, and offers practical guidance for foundations wishing to take advantage of these new opportunities.Keywords: “PATH Act”; Exclusion for Charitable Distributions; Favorable Basis Adjustment Rules; Extended Carryforward Periods; Enhanced Deduction for Contributions of Food Inventory
Affiliations:
1: Strasburger & Price, LLP.